Deribit data: A user purchased call options for the end of November at 82,000 US dollars, totaling 700 BTC
ChainCatcher reported that Deribit's Head of Asia Pacific Business, Lin Chen, posted on X stating that today's largest Bitcoin (BTC) block options trade was: a user paid 11.649 million USD to purchase call options with an execution price of 82,000 USD at the end of November (this Friday), totaling 700 BTC. This transaction is an immediate bullish view, using a leverage of 6.7 times; if the delivery price exceeds 99,000 USD it will be profitable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL Solana price reached $240.06 per coin, down -2.00% during the day
Cardano Short-Term Holders Add Over 3 Billion ADA's in One Month
CryptoPunks leads November NFT market rally with 47% floor price increase